10/04/2024: Enforcement Directorate raids chit fund scam locations across India over money laundering allegations.
The Enforcement Directorate (ED) has launched extensive raids across Kolkata, Punjab, Delhi, and Mumbai, targeting over two dozen locations linked to a high-profile chit fund scam. This investigation focuses on allegations of money laundering involving chit-fund companies in Punjab and West Bengal, which reportedly failed to repay investors and misappropriated funds for personal gain. The raids commenced on October 4, 2024, and are ongoing.
October 04, 2024
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